Piedmont Healthcare Inc (EIN 581503902) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

KEVIN BROWN

Phone

4044251303

Tax Period

2022-07-01 to 2023-06-30

Piedmont Healthcare Inc is a 501(c)(3) with EIN 581503902, based in Atlanta, GA. Founded in 1983, the organization files IRS Form 990 and reported its most recent data for fiscal year 2022. In that period, it reported $295,269,925 in total revenue and $286,284,654 in total expenses, with net assets of $1,055,385,053.

Mission

PIEDMONT HEALTHCARE, INC. ("PHC") IS ORGANIZED TO BENEFIT, MANAGE THE FUNCTIONS OF, AND CARRY OUT THE CHARITABLE PURPOSES OF ITS SUBSIDIARY ORGANIZATIONS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $36,774

Program Service Revenue $249,262,965

Investment Income $24,515,151

Other Revenue $21,455,035

TOTAL REVENUE $295,269,925

Expense Breakdown

Grants Paid $0

Salaries & Benefits $59,453,346

Fundraising Expenses $0

Program Expenses $262,367,669

Other Expenses $226,831,308

TOTAL EXPENSES $286,284,654

Year-over-Year Comparison

	2022	2021	Change
Revenue	$295,269,925	$261,313,839	+0.1%
Expenses	$286,284,654	$220,993,611	+0.3%
Net Income	$8,985,271	$40,320,228	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

5024

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$6,440,927

Total Directors

$4,684,588

Key Employees

$8,135,651

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mr Kevin Brown	Board Member & CEO, PHC	54.0	Officer Director	$3,185,079	$423,467	$3,608,546
Mr Michael Mandl	Exec. Vice President	53.0	Key Emp	$1,580,598	$196,054	$1,776,652
Mr Christopher Lloyd	President Piedmont Clinic	50.0	Key Emp	$0	$130,812	$1,558,733
Ms Elizabeth Leddy	CHIEF LEGAL OFF & Sec.	38.0	Officer	$1,389,485	$138,711	$1,528,196
Dr Leigh Hamby MD	PHC CMO	52.0	Key Emp	$1,188,028	$140,776	$1,328,804
DR CHARLES BROWN MD	PHYSICIAN	50.0	Key Emp	$0	$138,163	$1,309,125
Mr Thomas Arnold	TREASURER/CFO PHC	38.0	Officer	$1,173,444	$130,741	$1,304,185
Mr Sidney Kirschnerthru 103122	Chief Philanthropy Officer	53.0	Key Emp	$1,191,069	$109,586	$1,300,655
Mr Geoffrey Brown	Chief Information Officer	55.0	Highest	$833,762	$100,739	$934,501
Ms Vicki Cansler	Chief HR Officer	54.0	Highest	$779,176	$94,102	$873,278
Ms Michelle Fisher	Pres. Prim Care & Ret Svcs	54.0	Key Emp	$0	$105,844	$861,682
Mr Douwe Bergsma	Chief Marketing Officer	54.0	Highest	$691,954	$96,092	$788,046
MR JOHN TILLMAN	CHIEF REAL ESTATE OFFICER	55.0	Highest	$684,130	$97,560	$781,690
MR JOSEPH COLONNA	CHIEF SUPPLY CHAIN OFFICER	55.0	Highest	$691,386	$40,093	$731,479
Dr Moiz Master MD	Board Member	1.0	Director	$0	$24,785	$533,639
Dr Monica Hum MD	Board Member	1.0	Director	$0	$18,736	$450,797
Mr Michael McAnder	FORMER TREASURER/CFO PHC	0.0		$150,106	$0	$150,106
Dr David Sailors MD	Board Member	1.0	Director	$0	$0	$55,294
Dr Todd Schmidt MD	BOARD MEMBER	1.0	Director	$0	$0	$29,400
Dr Craig Wright MD	Board Member/VICE CHAIR	1.0	Director	$5,426	$0	$5,426
Dr Fred Willms MD	Board Member	1.0	Director	$1,486	$0	$1,486
Mr Tye Darland	Board Member	1.0	Director	$0	$0	$0
Mr Martin Davis	Board Member	1.0	Director	$0	$0	$0
Mr David Hanna	BOARD MEMBER/Chair	1.0	Officer Director	$0	$0	$0
Mr Samuel Burney Hay III	Board Member	1.0	Director	$0	$0	$0
Mr James H Hopkins	Board Member	1.0	Director	$0	$0	$0
Mr Gary T Jones	Board Member	1.0	Director	$0	$0	$0
Ms Cheryl Legette	Board Member	1.0	Director	$0	$0	$0
Mr John Somerhalder	Board Member	1.0	Director	$0	$0	$0
Mr Warren Steele	Board Member	1.0	Director	$0	$0	$0
MR HUGH HAMILTON	BOARD MEMBER	1.0	Director	$0	$0	$0
MR LEVI HILL IV	BOARD MEMBER	1.0	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$295,269,925	$286,284,654	$2,529,861,901	$8,985,271
2022	$261,313,839	$220,993,611	$3,702,177,942	$40,320,228
2021	$207,681,365	$186,682,527	$1,865,070,040	$20,998,838
2020	$177,716,027	$178,641,260	$1,673,982,148	$-925,233
2019	$164,545,111	$163,553,093	$872,469,199	$992,018
2018	$123,013,765	$120,254,222	$738,170,199	$2,759,543

Piedmont Healthcare Inc